Piper Sandler has served as the exclusive corporate financial advisor to Venterra as they acquired Oceanscan Holdings Limited.
Venterra was formed to create a global services champion supporting the offshore wind industry’s rapid expansion and leading role in the energy transition.
It is building a service offering across the wind farm lifecycle comprising engineer, build and support services through a combination of acquisition and organic development to generate accelerated growth in the fast-expanding market.
Headquartered in Aberdeen, U.K., and founded in 1989, Oceanscan provides subsea rental equipment, geotechnical services and specialist personnel to the offshore energy market.
Oceanscan has added numerous subsea rental equipment business lines, including geotechnical equipment, survey equipment and NDT sensors, and increased their range of offshore personnel disciplines via the strategic acquisitions of Sercal Non-Destructive Test Equipment Ltd. and HPR (UK) LTD, as well as forming Geoforce Technical Services Ltd.